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of <h1>Rule 12: Existing Rules Repealed Under Companies Act, 1956, But Past Actions Remain Unaffected.</h1> Rule 12 of the Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules, 2003, states that upon the commencement of these rules, all existing rules, orders, or directions related to the matters covered by these rules will be repealed. However, this repeal does not affect actions taken or omitted before the repeal's effective date.
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